Re: [Pen-l] "Has Barack Obama’s presidency already failed?"

[Jim Devine <jdevine03@xxxxxxxxx>]

Marvin Gandall wrote:
> The dithering
> behaviour of the Obama administration is most commonly misdiagnosed by Wolf
> and others as "timidity" whereas in fact it is rooted in ideology.

or could it instead be cupidity? the government has given the
financiers exactly what they want for so long they can't see it any
other way. They want the banking system bailed out with zero cost to
them and all the benefits. They lack any kind of "big picture" view in
which they have to make sacrifices for the "greater good" of the
financial system and the broader (world) economy. This seems the
_material_ basis for the ideology.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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